RidderTrade
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PIP... i spotted this bearish reveral in usd/cad in an early stage.. however me must see how far this wil set through..
see you in usa morning
see you in usa morning
PIP... i spotted this bearish reveral in usd/cad in an early stage.. however me must see how far this wil set through..
see you in usa morning
Hi all,
I'm generally a lurker but as I'm having a really tough time now with the Eur/Usd, I was wondering what the general consensus is on the various impending trade figures/news.
As you know, US retail figures are out later and early speculation (Bloomberg.com: Currencies) suggests that the numbers will be bad. Is that the correction that we're seeing at the moment?
Do you think that once figures are out, the bulls will be loose?
Or..
The run of dismal results from the EU will continue to depress the pair with a whammy coming tomorrow to rub salt in to the wound when the ECB announces rates?
Opinions anyone?
you shorting the pair ridder or awaiting the figures. Oil inventory report could affect CAD, oil prices cud tank or rally. got to wait and see. I reckon it is worth shorting the pair
AWAKE! and slightly surprised to have made 130 pips on USD/CAD which I just banked.. My USD/CHF is -10 pips right now but they were both way, way underwater when I went to bed.. The Japanese pulled Pearl Harbor pt. 2 on me and murdered the USD during the Asian session.
Here's the deal with USD right now.. People are expecting horrific retail numbers in the US and as a result USD isn't all that popular right now.. However, the trend of Cable and Euro is still down!
I do believe the GBP will fare better than the EUR simply because the Europeans have done way too little, way too late and lack the central authority to stop a depression from happening. They are making all the same mistakes the US made in the 1930s by utterly refusing to face the truth. It took them far too long just to realize or admit that their economy was not decoupled from the US and the 50 billion Euro stimulus is just pitiful.. We're now seeing the credit ratings of Greece, Portugal and possibly Ireland downgraded and that is worse than you think.. They had better get with it and cut rates aggressively and GET RID OF TRICHET as soon as possible or they are doomed.